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Cohort 3 Year Default Rate by Institutional Sector
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Postsecondary Schools in Iowa Participating in the Title IV student financial assistance programs
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20172016201520142013
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Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%)
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Public 4-yr 14,108 493 3.5% 14,340 423 2.9% 14,125 462 3.3% 14,195 426 3.0% 14,427 450 3.1%
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Private 4-yr 15,415 868 5.6% 15,842 912 5.8% 16,879 917 5.4% 16,592 991 6.0% 16,728 949 5.7%
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Proprietary 773 91 11.8% 2,290 193 8.4% 2,435 189 7.8% 41,071 5,962 14.5% 36,969 4,672 12.6%
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Public 2-yr 21,667 3,511 16.2% 23,792 4,092 17.2% 26,622 4,516 17.0% 29,143 5,343 18.3% 31,406 5,816 18.5%
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Private 2-yr 1,377 116 8.4% 50 1 2.0% 38 1 2.6% . . . .
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Total 53,340 5,079 9.5% 56,314 5,621 10.0% 97,348 11,201 11.5% 101,001 12,722 12.6% 99,530 11,887 11.9%
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2012201120102009
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Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%) Number of borrowers in Repayment Number of borrowers in Default Default Rate (%)
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Public 4-yr 14,146 526 3.7% 13,189 620 4.7% 12,421 573 4.6% 12,440 455 3.7%
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Private 4-yr 17,080 958 5.6% 16,152 1,004 6.2% 14,962 1,080 7.2% 14,560 880 6.0%
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Proprietary 43,303 5,694 13.1% 56,033 11,291 20.2% 68,855 15,400 22.4% 47,327 11,327 23.9%
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Public 2-yr 32,429 6,925 21.4% 28,630 6,929 24.2% 23,008 5,031 21.9% 20,834 3,329 16.0%
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Private 2-yr 49 1 2.0% 37 1 2.7% 79 5 6.3% 91 1 1.1%
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Total 107,007 14,104 13.2% 114,041 19,845 17.4% 119,325 22,089 18.5% 95,252 15,992 16.8%
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Note: Some schools have a small number of borrowers entering repayment. At other schools only a small portion of the student body takes out student loans
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In such cases, the cohort default rate should be interpreted with caution as these rates may not be reflective of the entire school population.
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Source: U.S. Department of Education
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Report Prepared by Iowa College Student Aid Commission
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4/1/2021
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